SCORE Las Vegas: START UP TO DO LIST
www.lasvegas.score.org | Julie.brander@scorevolunteer.org
- Know the type of business you would like to start.
- Evaluate your business strengths and weaknesses.
- Do you have industry experience and work experience?
- Know who your customers are? Where they are? Demographics?
- Conduct thorough research, is this a growing industry?
- Understand your direct and indirect competition, how can you compete?
- Determine Legal Structure: Sole Proprietor, LLC, and Corporation.
- Identify your professional team: Lawyer, Accountant, Banker and Insurance agent. Speak to them for guidance.
- Write a Business plan and have a marketing strategy.
- Evaluate business locations: Home based, online, storefront, office and industrial. How much space is needed?
- Open a business checking account.
- www.business.nv.gov for guide on starting and growing your business
- www.nvsilverflume.gov to register with the state
- www.irs.gov to register your federal EIN number
- http://tax.state.nv.us NV department of taxation for sales and use tax ID
- Identify onetime expenses to start the business and monthly expenses. How much income is needed to cover expenses?
- Secure Capital: friends and family, line of credit, bank loan, alternative lenders, angel investors and venture capital.
- Print Business cards: www.vistaprint.com reflects the business, easy to read and printed on high quality card stock
- Get involved in the community and join professional business associations. Network with everyone you meet.
- Call SCORE for free confidential business mentoring 702-388-6104